Two-Story Mixed-Use
For Sale
Contact for pricing
118 S Hershey Rd, Harrisburg, PA 17112
Flexible space supports residential, retail, or professional office use with additional basement functionality.
Property Size1,708 SF
Price / SF$200.23
Days on Market97
Property Features for 118 S Hershey Rd
General Information
Standard status
Active
Size
1,708 SF
Property subtype
OFFICE
Building Details
Buildings
1
Stories
2
Listing Agency:
NAI CIR | Lemoyne
(717) 761-5070
Listed By:
William M. Gladstone, CCIM, SIOR
(717) 319-9022
Source:
Moodyscre
Added: Jul 30
Changed: Oct 25
Last Checked: Nov 3 at 7:30AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI CIR | Lemoyne
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,708-square-foot mixed-use property spans two stories and combines adaptable interior space with a partially finished basement. The configuration can accommodate residential living, retail activity, or professional office use, offering several ways to organize the existing footprint.
Located at 118 S Hershey Rd in Harrisburg, Pennsylvania, the property retains the character of a traditional home while providing space suited to a small business or office conversion. The basement adds room for storage, work areas, or future expansion within the existing building.
Located at 118 S Hershey Rd in Harrisburg, Pennsylvania, the property retains the character of a traditional home while providing space suited to a small business or office conversion. The basement adds room for storage, work areas, or future expansion within the existing building.
Key Highlights
- 1,708 square feet of flexible mixed‑use space
- Two‑story building configuration
- Partially finished basement provides additional functional space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,949
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,980
$439.0K
Cap Rate 7%
$313,557
$313.6K
Cap Rate 9%
$243,878
$243.9K
Market Conditions
NOI Build-Up for 1,708 SF
Gross rent
$34.2K $20.04/SF
− Vacancy
−$5.0K −$2.91/SF
EGI
$29.3K $17.13/SF
− OpEx
−$7.3K −$4.28/SF
NOI
$21.9K $12.85/SF
Area
Dauphin County, PA
Vacancy
14.50%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$438,980
Cap Rate 7%
$313,557
Cap Rate 9%
$243,878
Alternative Uses
Best Use
Office B
$313.6K
$274.4K – $365.8K
NOI $21,949 @ 7.0% cap · market cap 6.42%
Second Best
Mixed Use
$296.5K
$259.4K – $345.9K
NOI $20,752 @ 7.0% cap · market cap 6.07%
Theoretical Best
Specialty Retail
$3.15M
$2.75M – $3.67M
NOI $220,204 @ 7.0% cap · market cap 64.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
Explore this area
Business Placement
Demographics for 17112, PA
37,137
Population
16,026
Households
2.3
Avg Household Size
44
Median Age
44%
College-Educated
95%
High-School Grad
69.6 sq mi
ZIP Area
534
Density / Sq Mi
$101,784
Median Household Income
$55,056
Median Earnings
$1,400
Median Rent
$290,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible space supports residential, retail, or professional office use with additional basement functionality.
Where is this mixed-use property located?
The property is located at 118 S Hershey Rd Harrisburg, PA.
What is the asking price?
The asking price for this property is $342,000.
What are key features of this property?
This property features: 1,708 square feet of flexible mixed‑use space; Two‑story building configuration; Partially finished basement provides additional functional space
